Linde India started the day pretty good. From yesterday’s close of Rs.682.20, it opened the day at Rs.686.55, rising higher to Rs.695. Its 52-week high is at Rs.819 and low at Rs.403.
The company has received the approval from the Competition Commission of India (CCI), for the sale/divestment of its Belloxy Divestment business to Inox Air Products.
This is being sold on a slump basis for a consideration of Rs.54.90 crore.
This comprises distributing and selling liquid oxygen, liquid nitrogen & liquid argon purchased from Bellary Oxygen Company Private Limited. This company was formed for sale of gases to JSW Steel Ltd.'s steel works at Bellary in India under the Gas Supply Agreement.